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2022-11-07 23:00:52

Can Solana (SOL) Sustain Its Google-Triggered Price Rally?

Solana (SOL) has been among the top gainers for the past weekend. This was due to the bullishness that followed the announcement that Google was now running Solana nodes. As expected, the price of the digital asset rallied in the time following the announcement, rising more than 15% to finally cross the $38 mark for the first time in almost two months. But as the market ushers in another trading week, can SOL hold its gains? Solana Sees Slow Start The beginning of the new week has come with some negative movement for Solana. In the last 24 hours, the digital asset has seen a double-digit decline which represents a fast fall in the last two days. So despite the bullish news from Google, investors remain bearish toward the cryptocurrency. Related Reading: Why Ethereum Would Have Been A Better Investment For MicroStrategy This shows weakness in the digital asset and a further inability to hang on to the gains that were recorded during the weekend. Investors are beginning to turn their attention towards its larger counterparts after sell-offs rocked the digital asset during the weekend. Even the SOL trading volume saw a double-digit decline in the last 24 hours. As trading slows, so does the probability of the asset holding its value decline. It should be noted that SOL has fallen to about $31 at the time of this writing, which puts it dangerously close to its weekly low of $30.35. While this could be interpreted as bullish given ...

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